What is the price band of the MAS Financial Services IPO?

The price band is ₹456–459 per share, and the final issue price is ₹459.

What is the lot size of the MAS Financial Services IPO?

One lot is 32 shares, so the minimum retail bid is ₹14,688 at the upper end of the price band.

When is the MAS Financial Services IPO listing date?

The shares listed on 18 October 2017.

How many times was the MAS Financial Services IPO subscribed?

It was subscribed 128x overall: QIB 148x, NII 379x and retail 16.0x (NSE and BSE together).

MAS Financial Services IPO

MAS Financial Services Limited (MASFIN) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 18 October 2017.

Listed 18 Oct Subscribed 128x Listing gain +43.8%

Issue details

Price band

₹456–459

Issue price

₹459

Lot size

32 shares

Min. retail bid

₹14,688

Max. retail bid

13 lots (₹1,90,944)

Issue size

₹464 Cr

Face value

₹10

Bidding

06 Oct – 10 Oct 2017

Listing

18 Oct 2017

Retail quota

35%

Registrar

Link Intime India Private Limited

Discount

Rs. 45 per share to Eligible Employees

Listing day

Listed at

₹660

+43.8% vs issue price ₹459

Day's high

₹682

+48.5% · low ₹625 (+36.2%)

Day's close

₹654

+42.6% · traded ₹1,179 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	19,87,028	29,47,37,952	148x
NII (HNI) total	14,90,270	56,41,17,088	379x
Retail	34,77,296	5,55,32,512	16.0x
Employees	1,70,316	4,09,696	2.41x
Total	71,24,910	91,47,97,248	128x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 5% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to MAS Financial Services's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
Dixon Technologies (India)Sep 2017	135x	346x	10.6x	118x	₹600 Cr	+54.3%	+71.2%
Advanced Enzyme TechnologiesJul 2016	94.0x	393x	11.7x	116x	₹413 Cr	+35.0%	+38.8%
Central Depository Services (India)Jun 2017	149x	563x	23.8x	170x	₹524 Cr	+67.8%	+81.2%
Capacit'e InfraprojectsSep 2017	131x	638x	17.6x	183x	₹408 Cr	+59.6%	+59.6%
Godrej AgrovetOct 2017	151x	236x	7.67x	95.4x	₹1,180 Cr	+33.8%	+37.0%
Avenue SupermartsMar 2017	145x	278x	7.51x	105x	₹1,895 Cr	+100.7%	+117.0%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
Motilal Oswal Investment Advisors	47	+15.0%	72%

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip) Anchor allocation (zip)

Frequently asked

What is the MAS Financial Services IPO price band and lot size? ₹456–459 per share, with a lot of 32 shares, so the smallest retail bid is ₹14,688.

How many times has it been subscribed? 128x overall: QIB 148x, NII 379x, retail 16.0x, employees 2.41x.

How did it list? It opened at ₹660, +43.8% against the issue price of ₹459, and closed its first day +42.6%.

Other IPOs of 2017

Astron Paper & Board Mills Future Supply Chain Solutions Shalby HDFC Standard Life Insurance Company Khadim India The New India Assurance Company Mahindra Logistics Reliance Nippon Life Asset Management All 2017 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.